Cenvat credit in rcm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2014
In Supply of manpower , security services service provider is propreitor & service receiver is Ltd / Pvt ltd company. & in Legal & professional Advocate is indiviual / firm & service receiver is Mfg company.
So my question is that in above both cases service receiver is able to take cenvat credit ? & if yes plz let's know the procedure.
Waiting for reply.
In Supply of manpower , security services service provider is propreitor & service receiver is Ltd / Pvt ltd company. & in Legal & professional Advocate is indiviual / firm & service receiver is Mfg company.
So my question is that in above both cases service receiver is able to take cenvat credit ? & if yes plz let's know the procedure.
Waiting for reply.
CA.Rashmi Billore
(Expert)
31 May 2014
As per the notification no. 30/2012 w.e.f. 1.7.2012 in specified cases service receiver is liable to pay the service tax for the specified percentage.
And service receiver can avail cenvat credit for the same on the basis of tax paid challan (GAR 7)
It means you can get this credit only after the payment of service tax in cash.
And service receiver can avail cenvat credit for the same on the basis of tax paid challan (GAR 7)
It means you can get this credit only after the payment of service tax in cash.
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